Sensex tanks 270.78 pts to close at 31,524.68; Nifty falls 66.75 pts

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Sensex plunged 270.78 points while the Nifty managed to end above 9,800 on Friday.

After three straight sessions of gains, the Sensex opened lower and dropped further before ending down 270.78 points, or 0.85 per cent, at 31,524.68. It had rallied 581.87 points in the previous three sessions.

The 50-share Nifty too closed lower 66.75 points, or 0.67 per cent, at 9,837.40. During the session, it shuttled between 9,783.65 and 9,865.95.

For the week, both Sensex and Nifty recorded a gain of 311.09 points, or 0.99 percent, and 126.60 points, or 1.30 per cent, respectively. This is markets' sixth weekly rise in seven.